Equities research analysts expect that Peoples Bancorp Inc. (NASDAQ:PEBO) will report earnings of $0.66 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Peoples Bancorp’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.67. Peoples Bancorp reported earnings of $0.57 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15.8%. The business is expected to report its next quarterly earnings results on Tuesday, January 22nd.
On average, analysts expect that Peoples Bancorp will report full year earnings of $2.37 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.89 to $2.90. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. The company had revenue of $47.68 million during the quarter, compared to the consensus estimate of $47.46 million. Peoples Bancorp had a net margin of 20.72% and a return on equity of 9.64%.
A number of equities analysts have recently weighed in on PEBO shares. ValuEngine cut shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. BidaskClub raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, September 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research note on Tuesday, October 23rd. Finally, Zacks Investment Research raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.00.
Peoples Bancorp stock traded down $2.39 during trading hours on Wednesday, reaching $32.28. 28,758 shares of the stock were exchanged, compared to its average volume of 28,641. The company has a market cap of $681.79 million, a P/E ratio of 14.16, a PEG ratio of 1.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. Peoples Bancorp has a 52-week low of $32.25 and a 52-week high of $39.58.
The business also recently declared a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.72%. Peoples Bancorp’s dividend payout ratio is 52.63%.
In other news, Director George W. Broughton sold 4,366 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $34.07, for a total transaction of $148,749.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.03% of the company’s stock.
Several large investors have recently bought and sold shares of PEBO. UBS Group AG grew its stake in shares of Peoples Bancorp by 26.8% during the 1st quarter. UBS Group AG now owns 6,908 shares of the bank’s stock worth $245,000 after purchasing an additional 1,460 shares during the period. Allianz Asset Management GmbH acquired a new stake in Peoples Bancorp in the 1st quarter valued at about $415,000. First Trust Advisors LP grew its stake in Peoples Bancorp by 91.3% in the 2nd quarter. First Trust Advisors LP now owns 74,662 shares of the bank’s stock valued at $2,821,000 after acquiring an additional 35,632 shares during the last quarter. IndexIQ Advisors LLC grew its stake in Peoples Bancorp by 9.1% in the 2nd quarter. IndexIQ Advisors LLC now owns 61,705 shares of the bank’s stock valued at $2,331,000 after acquiring an additional 5,169 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Peoples Bancorp by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 17,467 shares of the bank’s stock valued at $660,000 after acquiring an additional 1,490 shares during the last quarter. 61.48% of the stock is currently owned by institutional investors and hedge funds.
About Peoples Bancorp
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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